Pre Session: Sensex, Nifty seen opening in red on weak global cues 21/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open lower on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trend from global markets. Globally, Asian markets retreated on Wednesday as crude oil slips on supply glut concerns, while investors also weighed inclusion of China A-shares in the MSCI Emerging Markets Index. In the overnight trade, Wall Street ended lower in volatile trade as energy linked stocks fell on renewed slump in oil prices. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,645.00, down by 28.50 points or 0.30 per cent, at 10:54 AM Singapore time, also signaled a negative opening for local bourses. In absence of any major development on the global front, market may take cues from progress of monsoons and the country's preparedness for GST as government is all set to roll out GST with effective from mid night of June 30, 2017. On the economy front, capital market regulator Sebi plans to ease the insolvency process, while it also mulls easing IPO norms for Private Equities, which is likely to induce fresh fund inflows in the market. In a boost to the economy, National Council of Applied Economic Research (NCAER) has revised up its forecasts for the country's economic growth to 7.6 per cent for the current financial year. On corporate front, the initial public offer (IPO) of Eris Lifesciences got an overwhelming response from investors, with issue oversubscribed 3.29 times on the last day of the three-day bidding. Canara Bank shares will see some movement after state-run bank said it would sell nearly 9 per cent stake in the credit ratings firm CARE that could fetch it over Rs 393 crore.
On Tuesday, the Indian equities ended tad lower in lackluster trade, weighed down by selling across FMCG, infrastructure and power stocks, undermining firm cues from Asian peers. The broader sentiment was negative as traders took some breather after strong rally in the last session. Tata Group companies hogged the limelight with Tata Motors, Tata Steel, Nelco, Tata Power Company, Titan Company and Tata Sponge Iron rallied between 2 per cent to 20 per cent on slew of developments. The 30-share barometer SENSEX closed at 31297.53, down by 14.04 points or by 0.04 per cent, and the NSE Nifty ended at 9653.5, down by 4.05 points or by 0.04 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 16849368.00, State Bank of India 14927701.00, Tata Motors Ltd. 12014975.00, Tata Power Company Ltd. 10963089.00, ITC Ltd. 8260929.00.
On NSE, total number of shares traded was 102.40 Crore and total turnover stood at Rs. 22111.75 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 94177 with a total turnover of Rs. 7751.10 Crore. Along with this total number of contracts traded in stock futures were 539730 with a total turnover of Rs. 38911.30 Crore. Total numbers of contracts for index options were 3065649 with a total turnover of Rs. 259813.26 Crore and total numbers of contracts for stock options were 380443 with a total turnover of Rs. 28188.89 Crore.
As on June 20, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 3886.89 Crore and gross debt purchased stood at Rs. 1745.12 Crore, while the gross equity sold stood at Rs. 4058.44 Crore and gross debt sold stood at Rs. 671.00 Crore. Therefore, the net investment of equity and debt reported were Rs. -171.55 Crore and Rs. 1074.12.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Indian equities are likely to open lower on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trend from global markets. Globally, Asian markets retreated on Wednesday as crude oil slips on supply glut concerns, while investors also weighed inclusion of China A-shares in the MSCI Emerging Markets Index. In the overnight trade, Wall Street ended lower in volatile trade as energy linked stocks fell on renewed slump in oil prices. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,645.00, down by 28.50 points or 0.30 per cent, at 10:54 AM Singapore time, also signaled a negative opening for local bourses. In absence of any major development on the global front, market may take cues from progress of monsoons and the country's preparedness for GST as government is all set to roll out GST with effective from mid night of June 30, 2017. On the economy front, capital market regulator Sebi plans to ease the insolvency process, while it also mulls easing IPO norms for Private Equities, which is likely to induce fresh fund inflows in the market. In a boost to the economy, National Council of Applied Economic Research (NCAER) has revised up its forecasts for the country's economic growth to 7.6 per cent for the current financial year. On corporate front, the initial public offer (IPO) of Eris Lifesciences got an overwhelming response from investors, with issue oversubscribed 3.29 times on the last day of the three-day bidding. Canara Bank shares will see some movement after state-run bank said it would sell nearly 9 per cent stake in the credit ratings firm CARE that could fetch it over Rs 393 crore.
On Tuesday, the Indian equities ended tad lower in lackluster trade, weighed down by selling across FMCG, infrastructure and power stocks, undermining firm cues from Asian peers. The broader sentiment was negative as traders took some breather after strong rally in the last session. Tata Group companies hogged the limelight with Tata Motors, Tata Steel, Nelco, Tata Power Company, Titan Company and Tata Sponge Iron rallied between 2 per cent to 20 per cent on slew of developments. The 30-share barometer SENSEX closed at 31297.53, down by 14.04 points or by 0.04 per cent, and the NSE Nifty ended at 9653.5, down by 4.05 points or by 0.04 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 16849368.00, State Bank of India 14927701.00, Tata Motors Ltd. 12014975.00, Tata Power Company Ltd. 10963089.00, ITC Ltd. 8260929.00.
On NSE, total number of shares traded was 102.40 Crore and total turnover stood at Rs. 22111.75 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 94177 with a total turnover of Rs. 7751.10 Crore. Along with this total number of contracts traded in stock futures were 539730 with a total turnover of Rs. 38911.30 Crore. Total numbers of contracts for index options were 3065649 with a total turnover of Rs. 259813.26 Crore and total numbers of contracts for stock options were 380443 with a total turnover of Rs. 28188.89 Crore.
As on June 20, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 3886.89 Crore and gross debt purchased stood at Rs. 1745.12 Crore, while the gross equity sold stood at Rs. 4058.44 Crore and gross debt sold stood at Rs. 671.00 Crore. Therefore, the net investment of equity and debt reported were Rs. -171.55 Crore and Rs. 1074.12.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
